Nice article

1
Comment
Favorite

yeyekai
2021-07-07

Nice article

China to boost steel scrap usage by 23% in next five years

BEIJING, July 7 (Reuters) - China plans to increase its use of steel scrap by 23% to 320 million ton

China to boost steel scrap usage by 23% in next five years

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":140134360,"tweetId":"140134360","gmtCreate":1625636348750,"gmtModify":1703745393414,"author":{"id":3577396795196663,"idStr":"3577396795196663","authorId":3577396795196663,"authorIdStr":"3577396795196663","name":"yeyekai","avatar":"https://static.tigerbbs.com/a820f6ee66fdf7d6c39018137e4b2ddb","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice article&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Nice article&nbsp;</p></body></html>","text":"Nice article","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/140134360","repostId":2149139836,"repostType":4,"repost":{"id":"2149139836","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1625630919,"share":"https://ttm.financial/m/news/2149139836?lang=en_US&edition=fundamental","pubTime":"2021-07-07 12:08","market":"fut","language":"en","title":"China to boost steel scrap usage by 23% in next five years","url":"https://stock-news.laohu8.com/highlight/detail?id=2149139836","media":"Reuters","summary":"BEIJING, July 7 (Reuters) - China plans to increase its use of steel scrap by 23% to 320 million ton","content":"<p>BEIJING, July 7 (Reuters) - China plans to increase its use of steel scrap by 23% to 320 million tonnes by 2025 and to increase production of recycled nonferrous metals, in an effort to ensure supplies and to meet the country's climate commitments.</p>\n<p>The world's top metals consumer will boost its recycled nonferrous output to 20 million tonnes in the next five years from 14.5 million tonnes in 2020, the National Development and Reform Commission (NDRC) said on Wednesday.</p>\n<p>That includes targets of four million tonnes of recycled copper, 11.5 million tonnes of recycled aluminium and 2.9 million tonnes of recycled lead, the state planner said in a statement.</p>\n<p>The NDRC also vowed to raise the substitution rate of renewable resources to primary resources and to enhance utilisation of low-grade ores, tailing dams and other resources.</p>\n<p>China's steel scrap usage was around 260 million tonnes in 2020, which could replace 410 million tonnes of 62% iron ore input, said the state planner.</p>\n<p>The country brought in more than one billion tonnes of iron ore per year, accounting for more than 80% of its total consumption.</p>\n<p>Surging global metals prices have driven up producer price inflation in China this year, prompting authorities to take numerous steps to tamp down speculation. Prices for iron ore with 62% iron content for delivery to China have jumped 38% so far in 2021.</p>\n<p>\"The global supply chain had been seriously shocked by non-economic factors, increasing uncertainty of supplies... had posed a major challenge to China's resource security,\" said the NDRC.</p>\n<p>The plan will also help the country to meet its carbon peak and carbon neutrality goals, according to the statement.</p>\n<p>China plans to bring its greenhouse gas emissions to a peak before 2030 and to become \"carbon neutral\" by 2060.</p>\n<p>The ferrous sector contributes about 15% to China's total carbon emissions while the nonferrous industry accounts for about 4.7%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China to boost steel scrap usage by 23% in next five years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina to boost steel scrap usage by 23% in next five years\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-07 12:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, July 7 (Reuters) - China plans to increase its use of steel scrap by 23% to 320 million tonnes by 2025 and to increase production of recycled nonferrous metals, in an effort to ensure supplies and to meet the country's climate commitments.</p>\n<p>The world's top metals consumer will boost its recycled nonferrous output to 20 million tonnes in the next five years from 14.5 million tonnes in 2020, the National Development and Reform Commission (NDRC) said on Wednesday.</p>\n<p>That includes targets of four million tonnes of recycled copper, 11.5 million tonnes of recycled aluminium and 2.9 million tonnes of recycled lead, the state planner said in a statement.</p>\n<p>The NDRC also vowed to raise the substitution rate of renewable resources to primary resources and to enhance utilisation of low-grade ores, tailing dams and other resources.</p>\n<p>China's steel scrap usage was around 260 million tonnes in 2020, which could replace 410 million tonnes of 62% iron ore input, said the state planner.</p>\n<p>The country brought in more than one billion tonnes of iron ore per year, accounting for more than 80% of its total consumption.</p>\n<p>Surging global metals prices have driven up producer price inflation in China this year, prompting authorities to take numerous steps to tamp down speculation. Prices for iron ore with 62% iron content for delivery to China have jumped 38% so far in 2021.</p>\n<p>\"The global supply chain had been seriously shocked by non-economic factors, increasing uncertainty of supplies... had posed a major challenge to China's resource security,\" said the NDRC.</p>\n<p>The plan will also help the country to meet its carbon peak and carbon neutrality goals, according to the statement.</p>\n<p>China plans to bring its greenhouse gas emissions to a peak before 2030 and to become \"carbon neutral\" by 2060.</p>\n<p>The ferrous sector contributes about 15% to China's total carbon emissions while the nonferrous industry accounts for about 4.7%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149139836","content_text":"BEIJING, July 7 (Reuters) - China plans to increase its use of steel scrap by 23% to 320 million tonnes by 2025 and to increase production of recycled nonferrous metals, in an effort to ensure supplies and to meet the country's climate commitments.\nThe world's top metals consumer will boost its recycled nonferrous output to 20 million tonnes in the next five years from 14.5 million tonnes in 2020, the National Development and Reform Commission (NDRC) said on Wednesday.\nThat includes targets of four million tonnes of recycled copper, 11.5 million tonnes of recycled aluminium and 2.9 million tonnes of recycled lead, the state planner said in a statement.\nThe NDRC also vowed to raise the substitution rate of renewable resources to primary resources and to enhance utilisation of low-grade ores, tailing dams and other resources.\nChina's steel scrap usage was around 260 million tonnes in 2020, which could replace 410 million tonnes of 62% iron ore input, said the state planner.\nThe country brought in more than one billion tonnes of iron ore per year, accounting for more than 80% of its total consumption.\nSurging global metals prices have driven up producer price inflation in China this year, prompting authorities to take numerous steps to tamp down speculation. Prices for iron ore with 62% iron content for delivery to China have jumped 38% so far in 2021.\n\"The global supply chain had been seriously shocked by non-economic factors, increasing uncertainty of supplies... had posed a major challenge to China's resource security,\" said the NDRC.\nThe plan will also help the country to meet its carbon peak and carbon neutrality goals, according to the statement.\nChina plans to bring its greenhouse gas emissions to a peak before 2030 and to become \"carbon neutral\" by 2060.\nThe ferrous sector contributes about 15% to China's total carbon emissions while the nonferrous industry accounts for about 4.7%.","news_type":1,"symbols_score_info":{"HGmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1971,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}